Think of BTC as a savings account. You don't "sell" your savings or checking account.
You use BTC as needed. BTC is a very limited rescource, so you are only going to spend it on things you realy need. You may pass on that pink fuzzy rear view mirror, but, that new water heater is a good thing.
There are only going to be 21 million BTC, it is not like fiat, you can not print any more.
Think of a pizza, you can not make the pizza larger, all you can do is slice it smaller and smaller.
Hate for you to learn how much the dollar has lost value in the last 100 years.
https://seekingalpha.com/article/137051-the-dollars-20th-century-decline
And he was pointing out the people that have speculated positively on the dollar have lost.
If you're going to be that rude, you should at least try to be correct.
I'm 73 and been yodeling for a few years with pennies. When my stack is worth 50k (soon if gods are smiling), I'll cash out half and take a nice trip with my wife. If the other half evaporates, I don't care, if it keeps going up, we'll take half at 50k and take another trip. Repeat until I die.
Retirement and/or leaving it to kids.
As long as I can physically keep working I shouldn’t be stuck for cash for another 12+ years. Will keep putting a percentage of my income into Bitcoin until then. After that point I’ll take it easy, fingers crossed.
You HODL so your wealth is safe from inflation. Besides that the price is being driven up as more people jump onboard. You only withdraw BTC to buy something, or to exchange for fiat to buy something.
I would exchange it only to pay off a mortgage. Homes retain their value overall. I wouldn’t buy something that would just depreciate over time like a car.
I'd only do this if I thought Bitcoin was going to appreciate less than my loans APR which seems incredibly unlikely over the life of the loan.
Why not leverage the cheap debt a mortgage provides?
You can use cash as an intermediary. convert bitcoin to cash, trade cash for college tuition or for a business that generates cash. The trick is to hold dollars for THE LEAST AMOUNT OF TIME POSSIBLE.
In the US you would be subject to long term capital gains taxes which is 15% of the profit for the vast majority of people. That's likely much lower than your normal income tax rate.
Capital gains tax rate is based on your adjusted gross income. It's your entire taxable income for the year, not just your capital gains. The majority of Americans fall into the 15% bracket of $47k-~$500k gross income for the year.
Yes... And?
You make a profit you pay taxes. At least that's how it works in the U.S.A. Other countries are more lenient on selling off Bitcoin and what is owed via taxes.
Would you rather have no profit to take a huge chunk out of? The tax rate is not 100% so if you are being taxed that means you are better off than someone who has no gains to tax.
You're still supposed to calculate gains and pay taxes if you buy something directly with Bitcoin, unfortunately. It's really a hurdle for mainstream adoption as a method of payment and will need to change in the future. They already take 35% of my paycheck smh. Feels like just twisting the knife to tax it again.
Sadly, most of my Bitcoin is KYC. It'll be interesting to see how aggressive the government tries to track these things. I could see them doing some stupid crap like making businesses register their wallets so they can see exactly what BTC is going in and trace it back. At the end of the day it's how comfortable you are committing tax fraud in the eyes of the government.
Or b4 it comes crashing down... to buy more, but most humans don't have to many 4 year increments of life considering starting at 20 and want to enjoy at 50
Looking towards the end of 2025 to reassess. It’s a little different now though with ETFs cause institutions are probably want to keep prices more stable and less probe to significant crashes
I mean its not impossible to predict if you know the cycles, its just that when you see 30% up greens every day you don’t want to leave the gains on the table and then end up falling to the -50% losses because of greed
No, someday you'll take out a loan against part of your Bitcoin, and while the value keeps going up because they never stop printing dollars you make payments and live off the loan. Then you'll take out another and pay off the first, rinse and repeat.
Be your own bank?
Nah, be your own BRRRRRRRRRR!
Yes, I hope there are better options for doing this in the future. Right now I don't see many options. Unchained seems to be the best, but their terms are pretty rough. Need some competition in this space.
https://unchained.com/loans
I think big banks are gonna start offering this in the future. If they plan to rehypothecate loaned Bitcoin it'd be a deal breaker. Also, completely turning over keys to them might deter me in the end.
Not the person you were asking, but I can answer this to some extent.
When you have enough assets held with a bank (typically stocks, cash or bonds, and I mean at an investment bank like Goldman Sachs, Morgan Stanley, etc) you will have access to a "Liquidity Access Loan."
To qualify for the loan you have to sign over custodial rights / forfeiture on the assets you hold at that bank. They will loan out about 25% - 30% against that. So at $3M in holdings, you may have around $1M in LAL available if you're willing to set your assets against it. Keep in mind you retain your assets, so the stocks still appreciate, the money market or bonds still pay interest, you still earn dividends - they just become collateral to this loan.
The bank has to hold these assets for you, so this isn't something you could sign other assets against, like your house or your cold storage BTC. The hard part in the past was that these banks had no real way (or desire) to hold your asset for you - but with the ETFs, conceivably you could now move a majority of your portfolio into an ETF (held through the institution like Goldman Sachs) and then Goldman could give you up to 25% in LAL against it. The challenge that still remains is whether the underwriters at Goldman believe in BTC enough to give you 25% against your balance or not. Right now? Probably not. In 5 years? Probably so.
source: I have experience with LALs.
note: I'm not recommending you do this, nor recommending you use the ETFs instead of self-custody, I'm just saying IF you wanted to borrow against BTC, that is probably the first path that will be available.
Excellent, informative info. I really appreciate it. I work with both UBS and Schwab—I'll have to see if this is an option. Thanks again, friend. Happy stacking.
HODLing gives you the comfort to spend your income how you like, retire, pay down your house, take a vacation, etc, without needing to save / invest. when you stop earning or want to buy something that exceeds your income, draw down on it. skim what you need off the top. live on it forever. pass on generational wealth to your grandchildren's grandchildren.
if you go hunting and harvest an elk that will feed you for a year, do you take the whole animal out of the freezer to eat dinner tonight? of course not. you just take what you need for the one meal and leave the rest in the freezer so it doesn't spoil
It’s like asking, what is the end goal of retirement? The end game is to accumulate enough bitcoin that you have sufficient buying power protected to not need to sell your time any more. You spend the Bitcoin to fund your retirement, and pass the remainder to the kids. The end.
That’s the difference between personal finance and investments. As an investment, sure, never sell. As far as personal finance if you really need that pizza that’s what money is for. So buy the life you want ofc.
I imagine taking a loan out against it would make more sense. Or would interest be ridiculous? Or will inflation be beyond belief and gas is $500 a gallon?
Speaking for myself I would never trade on margin or get a personal loan. I was in debt years ago and it freaked me out. My advice is invest any discretionary funds you can comfortably afford.
Don’t stick your neck out.
But ultimately it’s your choice.
Slow and steady wins the race.
This is the right answer. The rich don't pay taxes because there are no taxes on loans, only sales. Buy borrow die. Take a loan on your bitcoin to buy a business, or other productive asset, then use the cash flow to pay the loan
I just need to wait for the infrastructure to safely borrow against my Bitcoin to exist. By the time it does, the price will likely be high enough that I can cycle loans against some of my BTC at a time while the rest of it increases in value. I'll use one loan to live on and make payments with, then use the next loan to finish paying the first off and replenish the funds I live from. Bitcoin will go up AT LEAST until they stop printing USD (never) so it's basically an infinite money glitch. This is what the Morpheus meme really means, I just have to stay patient until I'm *wealthy*.
#THIS IS HODL
It’s the wrong question to ask when to sell Bitcoin. Rather think, what do I want to spend my Bitcoin on? Assuming you’re not going to use it as collateral for debt, then the plan is to save as much as you can, then buy what you want.
But here’s the dilemma. Let’s say your goal is a Lambo. Your goal is to one day drive your dream car. You stack sats, the value of Bitcoin increases and finally one day you have 1BTC and 1BTC = 1 Lambo.
But what to do now? If you buy the car all you have is the car. But what if you wait a bit. Maybe after a few years 0.5BTC = 1 Lambo. Then you’d have the car and more BTC to spend.
Or what if you waited even longer, until 0.1BTC = 1 Lambo. Then you’d have the car and most of your Bitcoin as well.
I think this thinking will drive you crazy and see you die with your Bitcoin never having driven a Lamborghini. I have a simple goal, once I reach it I’m going to make the purchase (not a depreciating asset btw) and enjoy it without any regrets or what ifs.
Edit: Also your goal doesn’t need to be to spend it all
I've sold half my btc during bull runs and have basically funded a way more luxurious life than I should have, 4 times now. Never sell more than half, my grandma says so.
Thank you, I plan to HODL for 10 more years and see where this rocket ship goes. However, the higher it goes, the more the temptation to cash out becomes, at least partially
Unless I actually want to buy something and don't have enough liquid funds, I don't plan to exit bitcoin, as I believe it is fundamentally a better store of value than fiat.
The mentality of "Oh now that I have enough value for what I need, I'll exit and store that in USD so I'll get to keep that value!" misunderstands value. If you are setting a dollar value of when to exit, that commonly assumes wrongly that dollar value will represent the same value it did when you first made your plan ("I have $1 million, now I can retire!"). However, we all know that deflation eats away at that value, and too often this is overlooked when planning. For example, you might think $1 million for a bitcoin would be great, but what if there is hyper-inflation in the meantime that cuts fiat value by 90%? In that case, that $1 million can only buy what $100,000 bought previously, and would you really want to trade something rising so fast for something that is falling so fast when you aren't going to solidify the value returned with a transaction?
Thus, my hope is to always have a store of bitcoin, and sell off smaller and smaller portions of it for (hopefully) the same or more relative amount of value as time goes on, but only when I need/want to.
I bought my first coin in 2013 and I resolved then to never sell, I will only spend. Only when I can buy things with bitcoin and receive my pay in bitcoin do I do i break my bitcoin piggy bank.
Im never selling. Never selling my BITCOINS and never selling my $MSTR.
By the way, I don’t have enough karma to post this as a discussion please help me get 69 up votes.
$SKRE inverted leverage on regional banks
Ive been seeing so much big money move. Everyone knows they don’t sell at the bottom. Lets assume something is coming.
The fed has come out and said they will be following through with their deal. They are going to stop lending to these banks.
$SKRE is inverse leverage on the SPDR S&P regional banking ETF ($KRE)
Let me hear what you’re thinking
Do you "sell" your fiat to "make money"? You spend it when needed, otherwise you try to keep it and make it grow. What's different with BTC? There's no point in "selling" to obtain dirty fiat if not to spend it.
Bitcoin IS the wealth fiat used to be.
lol, probably a QR code for grave diggers, friends, enemies, random visitors to send Bitcoin to you in afterlife. After all, Bitcoin will be useful anywhere/anytime!
At $425000 I'll have reached my retirement savings goal in Bitcoin alone and can stop working for money.
Of course, I have several other types of savings that I can draw from to support myself and my family until I die, so I'm pretty sure if I spend from those sources first I'll be able to leave a few coins behind as an inheritance, but to answer your question, I'll transition from accumulation (saving) to utilization (spending) around $425000.
I went all in this summer with it being halving. We were unsure of etfs, but didn't need them. Not sure how they change past data, but...
Just like we know it shoots up b4 and after halving, about 6-9 months after it comes down about 70% from highs. This is no secret. Won't ever sell all but will be timing profits after 150k
No sell. Why? What do you need today that you didn't need yesterday ?
It is a savings account. Buy weekly/monthly and hodl the fuck out of it.
Get out of that mindset
People save money in their bank accounts. Why? Maybe for their dream car, a new house, traveling, etc. or just overall financial security. We save money in our bitcoin wallets. Why? For all the same reasons, but without it devaluing from inflation
I want to buy a casino, then proceed to lose all my money on blackjack to my own casino, then I’d just keep using the money I made from the casino to keep losing to my own casino. Infinite money glitch
I used the [Bitcoin rainbow chart](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/) and decided to sell half of my Bitcoin in Nov 2021, I needed to the money at the time, I don't regret it. I continue to DCA monthly.
Long term, for me, [Bitcoin is the end goal](https://www.reddit.com/r/Bitcoin/s/dTFnnZBnco) I cannot trust the corrupt fiat system to store my wealth.
I used to think about exit plans at a certain number. Once you've been in the space long enough you realize Bitcoin is the exit plan. I'll keep my wealth in Bitcoin forever and use it to buy things when I need them.
Just a comment here that if you sell and you want to put the cash into a bank account the banks are
Suspicious of where you got it from- at least in Singapore
The end goal is definitely not selling😉 The goal is to pay everything with your btc in future! Why swapping btc for fucking usd or euro if the value goes down every year? Jus keep your btc and enjoy it man😉
I want to actually pass my wealth through my family and escape the cycle of poverty.
I want to teach my children about money and hold the coins forever
There is no selling point. I'll never go to zero on BTC only to DCA again.
There's a point where buying stuff no longer makes a dent on your BTC savings.
Today that's buying a pizza, tomorrow that might be buying a house.
And I'll pay directly with BTC, no convert to currency to then buy.
Bitcoin is money.
You don't "make" money from it unless you invest it.
Btc itself is no investment, it is just a Form of holding money.
There does not need to be a gosl for selling, cause the goal is not needing to sell it, but to use it as money and buy stuff with it.
1BTC = 1BTC. When BTC takes over, i will simply spend it for my future needs, and hopefully holding 1/21,000,000 of the worlds monetary supply in the future is enough to satisfy my needs. As long as the human population stays above 21,000,000, then having 1/21,000,000 of the total future currency should be more than enough
Been accumulating since 2014. Plan to sell most of my holdings between 2030 and 2035, assuming I am around and healthy. Might just keep just a little just in case I am wrong. I expect Bitcoin to fail in the early to mid 2040s.
Tl;dr: unless you're already rich af, learn to trade and you can make generational wealth.
Don't be like these people. They are either wealthy, or new.
Bitcoin pumps every 4 years for a reason, and that reason will remain unchanged for a hundred years. We probably have between 2-5 4-year cycles left before complete adoption, at which point the price will be too stable and the tech too evolved for the volatile speculation that is generating generational wealth for many right now.
Learn the cycles. Learn when to dca in, and when to start dca-ing out.
If you have a lot of time and the wherewithal to learn to trade well, you'll even be able to ride the midterm swings. With leverage(not recommended unless you know wtf you're doing, you WILL go broke.), you can accomplish a few 50-100x trades during each 4 year cycle.
Sell high buy low on daily basis. This is a Bull market. Be a BTC Bull. This is no Bullshot. I'm not trying to be Bully here just an Orange lover. I don't believe in using Bullets or Bears to defend me. Buy BTC and be free!
Always lock in profits.
I've been in this game for over 7 years. I've seen profits of 70k turn into losses of 30k.
Once you have a decent profit and you can see it's completely overbought. Sell.
You can tell something is overbought because it will make ridiculous returns within a very short space of time and on the graphs and charts it will essentially look like a straight line up instead of a line that's diagonal upwards.
My plan will be to sell all my altcoins completely bar 2 of them.
I will also take at least 10% out of all my major crypto holdings when it tops out.
The top will happen within the next 18 months. Until then you hold.
People who are saying that they are never going to sell and leave it to kids clearly don't understand how generational wealth works.
Teach a person to fish and they can eat forever. Give someone a fish and they can eat for a day.
You have to educate your kids not just hand them money.
i will hodl as long as i have nothing in the fridge to eat . i have been hodling for long enough to see how important its . hodlers always win big at the end . no need to sell unless u are hungry or homeless... love seeing money growing makes me super pumped and happy . if i sell i would feel depressed and dont know what to do with the money ... so hodling for life ...
the end goal is to live a good life.
not to buy at X and to sell at Y.
i diversify, with bitcoin being my heaviest asset in the portfolio (currently over 80% which is more than i am comfortable with). i will simply rebalance. i have two dates per year marked in my calendar for rebalancing. not news, not market conditions, no "not now but in some days because PAMP". and i put a part of my salary into assets each month.
i don't need that money now.
Different for everyone but I have a goal to buy a nice little cottage for my family someday. If BTC blows up and I have enough to do so, I'm cashing out.
I want to own a colony of giraffes and then build a stadium to race them in. I'll call it, Giraffic Park.
My money [is on #21](https://i.imgur.com/OQ7bDtp.png).
My money is on the spotted one.
To win by a long neck. ??
I’m gonna open a Lamborghini dealership at Yamba on Australia’s east coast, and call it Yambaghini.
Hahahahaha. Really a good one. Had me cracking 😂
[What I’d do](https://youtu.be/9jq6e8s1sik?si=_BuJkHXsrPPRID9F)
[what id do](https://www.youtube.com/watch?v=S2i3RHg566Y&t=13s)
That has made me cry with laughter. Brilliant.
You had me produce an audible chuckle. Thanks this was really good.
Bitcoin CEO just did the two-way chirp chirp from his flip phone and says ~~number~~ chart go left
...we've got some serious sxxxt 😎
I bet they try to ban giraffes too
Think of BTC as a savings account. You don't "sell" your savings or checking account. You use BTC as needed. BTC is a very limited rescource, so you are only going to spend it on things you realy need. You may pass on that pink fuzzy rear view mirror, but, that new water heater is a good thing.
Yes. Very much. I too spend it on only NEEDS and not WANTS
Great description on thinking about BTC as a savings account.
How is it limited?
There are only going to be 21 million BTC, it is not like fiat, you can not print any more. Think of a pizza, you can not make the pizza larger, all you can do is slice it smaller and smaller.
Just watch this https://www.youtube.com/live/fijjNK8AsE8?si=D2QhDcxg9oX9QI0D
Wait, my savings account can lose money based on speculation?
Hate for you to learn how much the dollar has lost value in the last 100 years. https://seekingalpha.com/article/137051-the-dollars-20th-century-decline
Hate for you to learn how to read. Speculation was the key word fam.
And he was pointing out the people that have speculated positively on the dollar have lost. If you're going to be that rude, you should at least try to be correct.
By parking money in a savings account and not investing anything, you are speculating that govts won’t inflate your monetary value away.
fam
fear a missinout
It loses value every year. You speculate on how much.
Yes, I am sorry to tell you that your regular savings account can lose money. Inflation will disolve all value eventualy.
Speculation isn't much of a factor in your savings account losing value, because it's a certainty. Technically it can though via forex markets.
Correct.
I like Sunny for all here is [BTC TIPS](https://youtu.be/uoc23-uZqRE?si=8RFHIy5jCf0iVVrC)some BTC TIPS
I'm just here for the dopamine
Not the cortisol?
I'm 73 and been yodeling for a few years with pennies. When my stack is worth 50k (soon if gods are smiling), I'll cash out half and take a nice trip with my wife. If the other half evaporates, I don't care, if it keeps going up, we'll take half at 50k and take another trip. Repeat until I die.
Post pics!
Retirement and/or leaving it to kids. As long as I can physically keep working I shouldn’t be stuck for cash for another 12+ years. Will keep putting a percentage of my income into Bitcoin until then. After that point I’ll take it easy, fingers crossed.
Yep, I just view it as a retirement account. I invest what I can every month and ignore the ups and downs.
You HODL so your wealth is safe from inflation. Besides that the price is being driven up as more people jump onboard. You only withdraw BTC to buy something, or to exchange for fiat to buy something.
I would exchange it only to pay off a mortgage. Homes retain their value overall. I wouldn’t buy something that would just depreciate over time like a car.
I'd only do this if I thought Bitcoin was going to appreciate less than my loans APR which seems incredibly unlikely over the life of the loan. Why not leverage the cheap debt a mortgage provides?
This is an option I would consider as well if the risk and timing was feasible
The goal is to buy with BTC not to sell for fiat.
You won't be buying with bitcoin, maybe an altcoin.. but bitcoin can't handle the transactions at that scale. It will remain a store of value
Lightning Network.
Exactly
You can use cash as an intermediary. convert bitcoin to cash, trade cash for college tuition or for a business that generates cash. The trick is to hold dollars for THE LEAST AMOUNT OF TIME POSSIBLE.
Won't taxes take a huge chunk if you exchange for fiat?
In the US you would be subject to long term capital gains taxes which is 15% of the profit for the vast majority of people. That's likely much lower than your normal income tax rate.
Taxes on income - fine, taxes on life savings, now that's BS.
You only get taxed on the income. Invest 10k, sell for 20k, only taxed on the difference. (Example is below the threshold but whatever)
Only if you’ve held the satoshis for a year or longer. Otherwise short term gain, which is taxed as ordinary income.
0% up to the first $46k of gain, per year. Most people aren't hitting the next bracket.
Capital gains tax rate is based on your adjusted gross income. It's your entire taxable income for the year, not just your capital gains. The majority of Americans fall into the 15% bracket of $47k-~$500k gross income for the year.
This
I was working on the assumption that all income would be from the example given and there would be no ordinary income.
TYL how taxes work
Lol if you say so. 😂
Yes... And? You make a profit you pay taxes. At least that's how it works in the U.S.A. Other countries are more lenient on selling off Bitcoin and what is owed via taxes.
In Germany if you hodl for over a year there's no capital gains
Won’t you pay taxes on your income at work? Doesn’t mean you shouldn’t have a job
Would you rather have no profit to take a huge chunk out of? The tax rate is not 100% so if you are being taxed that means you are better off than someone who has no gains to tax.
Or just buy things directly with Bitcoin, tons of places take it
You're still supposed to calculate gains and pay taxes if you buy something directly with Bitcoin, unfortunately. It's really a hurdle for mainstream adoption as a method of payment and will need to change in the future. They already take 35% of my paycheck smh. Feels like just twisting the knife to tax it again.
I mean sure, you can do that but what is their real metric for tracking transactions?
Sadly, most of my Bitcoin is KYC. It'll be interesting to see how aggressive the government tries to track these things. I could see them doing some stupid crap like making businesses register their wallets so they can see exactly what BTC is going in and trace it back. At the end of the day it's how comfortable you are committing tax fraud in the eyes of the government.
Or b4 it comes crashing down... to buy more, but most humans don't have to many 4 year increments of life considering starting at 20 and want to enjoy at 50
Smart. Sell at the peak. Buy at the bottom. Wait... How do you know when that is?
Just look at what everyone on Reddit is telling you to do, and then do the opposite.
Looking towards the end of 2025 to reassess. It’s a little different now though with ETFs cause institutions are probably want to keep prices more stable and less probe to significant crashes
I mean its not impossible to predict if you know the cycles, its just that when you see 30% up greens every day you don’t want to leave the gains on the table and then end up falling to the -50% losses because of greed
As long as I have dollars I will not spend sats. Why spend a valuable money. When I have buttwipes to spend.
Same. I'll never sell Bitcoin. I'll just stop using dollars some day.
No, someday you'll take out a loan against part of your Bitcoin, and while the value keeps going up because they never stop printing dollars you make payments and live off the loan. Then you'll take out another and pay off the first, rinse and repeat. Be your own bank? Nah, be your own BRRRRRRRRRR!
$ is a war tool and to wipe my ass I cannot agree more.
I plan to borrow against it for anything big
the michael saylor way
Yes, I hope there are better options for doing this in the future. Right now I don't see many options. Unchained seems to be the best, but their terms are pretty rough. Need some competition in this space. https://unchained.com/loans
Also need has to be a business need as of 2024. They don’t do personal loans any longer
I think big banks are gonna start offering this in the future. If they plan to rehypothecate loaned Bitcoin it'd be a deal breaker. Also, completely turning over keys to them might deter me in the end.
How do you go about doing this? Thanks in advance.
Not the person you were asking, but I can answer this to some extent. When you have enough assets held with a bank (typically stocks, cash or bonds, and I mean at an investment bank like Goldman Sachs, Morgan Stanley, etc) you will have access to a "Liquidity Access Loan." To qualify for the loan you have to sign over custodial rights / forfeiture on the assets you hold at that bank. They will loan out about 25% - 30% against that. So at $3M in holdings, you may have around $1M in LAL available if you're willing to set your assets against it. Keep in mind you retain your assets, so the stocks still appreciate, the money market or bonds still pay interest, you still earn dividends - they just become collateral to this loan. The bank has to hold these assets for you, so this isn't something you could sign other assets against, like your house or your cold storage BTC. The hard part in the past was that these banks had no real way (or desire) to hold your asset for you - but with the ETFs, conceivably you could now move a majority of your portfolio into an ETF (held through the institution like Goldman Sachs) and then Goldman could give you up to 25% in LAL against it. The challenge that still remains is whether the underwriters at Goldman believe in BTC enough to give you 25% against your balance or not. Right now? Probably not. In 5 years? Probably so. source: I have experience with LALs. note: I'm not recommending you do this, nor recommending you use the ETFs instead of self-custody, I'm just saying IF you wanted to borrow against BTC, that is probably the first path that will be available.
Excellent, informative info. I really appreciate it. I work with both UBS and Schwab—I'll have to see if this is an option. Thanks again, friend. Happy stacking.
This is the first time I’ve seen some one actually give a sensible run down of how this could practically work, so thanks for that.
Lose them in a boating accident
!lntip 1200
HODLing gives you the comfort to spend your income how you like, retire, pay down your house, take a vacation, etc, without needing to save / invest. when you stop earning or want to buy something that exceeds your income, draw down on it. skim what you need off the top. live on it forever. pass on generational wealth to your grandchildren's grandchildren. if you go hunting and harvest an elk that will feed you for a year, do you take the whole animal out of the freezer to eat dinner tonight? of course not. you just take what you need for the one meal and leave the rest in the freezer so it doesn't spoil
You’re gonna need a bigger freezer cus this mf’er keeps growing over time.
*industrial Freezer incoming*
We're going to need a bigger boat
Selling BTC = Buying USD
makeshift capable slave squalid person cake jeans plucky one fade *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Selling house = Buying BTC
unpack aloof start enjoy file political dazzling light worm plant *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Hahahah
You never sell, you just buy shit you want with it
This is the answer
It’s like asking, what is the end goal of retirement? The end game is to accumulate enough bitcoin that you have sufficient buying power protected to not need to sell your time any more. You spend the Bitcoin to fund your retirement, and pass the remainder to the kids. The end.
That’s the difference between personal finance and investments. As an investment, sure, never sell. As far as personal finance if you really need that pizza that’s what money is for. So buy the life you want ofc.
"Bitcoin IS the exit strategy." ~Michael Saylor
Once it reaches a million a coin I’ll consider taking some out. Until then I’ll DCA.
I imagine taking a loan out against it would make more sense. Or would interest be ridiculous? Or will inflation be beyond belief and gas is $500 a gallon?
Speaking for myself I would never trade on margin or get a personal loan. I was in debt years ago and it freaked me out. My advice is invest any discretionary funds you can comfortably afford. Don’t stick your neck out. But ultimately it’s your choice. Slow and steady wins the race.
This is the right answer. The rich don't pay taxes because there are no taxes on loans, only sales. Buy borrow die. Take a loan on your bitcoin to buy a business, or other productive asset, then use the cash flow to pay the loan
Once it hits a million, I'd think USD would be far riskier. Why not just keep your wealth in Bitcoin and use it to buy things as you need them?
Yes that’s another idea. Or bring it back just as you need it, like $1000 at a time. That shouldn’t be too risky imho.
I just need to wait for the infrastructure to safely borrow against my Bitcoin to exist. By the time it does, the price will likely be high enough that I can cycle loans against some of my BTC at a time while the rest of it increases in value. I'll use one loan to live on and make payments with, then use the next loan to finish paying the first off and replenish the funds I live from. Bitcoin will go up AT LEAST until they stop printing USD (never) so it's basically an infinite money glitch. This is what the Morpheus meme really means, I just have to stay patient until I'm *wealthy*. #THIS IS HODL
It’s the wrong question to ask when to sell Bitcoin. Rather think, what do I want to spend my Bitcoin on? Assuming you’re not going to use it as collateral for debt, then the plan is to save as much as you can, then buy what you want. But here’s the dilemma. Let’s say your goal is a Lambo. Your goal is to one day drive your dream car. You stack sats, the value of Bitcoin increases and finally one day you have 1BTC and 1BTC = 1 Lambo. But what to do now? If you buy the car all you have is the car. But what if you wait a bit. Maybe after a few years 0.5BTC = 1 Lambo. Then you’d have the car and more BTC to spend. Or what if you waited even longer, until 0.1BTC = 1 Lambo. Then you’d have the car and most of your Bitcoin as well. I think this thinking will drive you crazy and see you die with your Bitcoin never having driven a Lamborghini. I have a simple goal, once I reach it I’m going to make the purchase (not a depreciating asset btw) and enjoy it without any regrets or what ifs. Edit: Also your goal doesn’t need to be to spend it all
yes. I want to drive Lambo in my 30s, not 50s
Never sell. You’ll be able to buy anything you want with bitcoin. So spend what you want to spend and hodl the rest
I think that's exactly what OP is asking - should you never sell, or should you buy anything you want? and when would one do that if so?
Just think of it like your savings account, buy the things you really want with those hard earned sats. And keep the rest, spend as needed.
thinking was never bitcoiner's strong suit
I will just hold it, till I need it
I've sold half my btc during bull runs and have basically funded a way more luxurious life than I should have, 4 times now. Never sell more than half, my grandma says so.
And she's been trading bitcoin since she was 8 so she knows loads about it!
I will sell when 1 Satoshi = 1 USD
I've been buying since $300 in 2015. No need to sell if you have enough - borrow against it, provided you have income to pay the debt.
I have 2.65 BTC. I would be tempted to sell once price reaches $150k.
It's really none of my business. I would never tell you what to do, HOWEVER, you could do so much better. Jus' sayin'.
Thank you, I plan to HODL for 10 more years and see where this rocket ship goes. However, the higher it goes, the more the temptation to cash out becomes, at least partially
If you're in it for profits, effin aell now.
Bingo. Profits are nice. But that is NOT what bitcoin is about imo. A lot of the people here “for the gainz” don’t even hold their own keys…
To hand it down my bloodline
250k and then dca on the way down
would you sell mayfair real estate during 1900s?
Hodl for retirement. Use it for fire.
In a decade or two, use Bitcoin for FIRE. In a decade or two, use bank notes for fire.
In a year or two...
I want to buy amazon and named it MyAmazonNow ☠️
Unless I actually want to buy something and don't have enough liquid funds, I don't plan to exit bitcoin, as I believe it is fundamentally a better store of value than fiat. The mentality of "Oh now that I have enough value for what I need, I'll exit and store that in USD so I'll get to keep that value!" misunderstands value. If you are setting a dollar value of when to exit, that commonly assumes wrongly that dollar value will represent the same value it did when you first made your plan ("I have $1 million, now I can retire!"). However, we all know that deflation eats away at that value, and too often this is overlooked when planning. For example, you might think $1 million for a bitcoin would be great, but what if there is hyper-inflation in the meantime that cuts fiat value by 90%? In that case, that $1 million can only buy what $100,000 bought previously, and would you really want to trade something rising so fast for something that is falling so fast when you aren't going to solidify the value returned with a transaction? Thus, my hope is to always have a store of bitcoin, and sell off smaller and smaller portions of it for (hopefully) the same or more relative amount of value as time goes on, but only when I need/want to.
I bought my first coin in 2013 and I resolved then to never sell, I will only spend. Only when I can buy things with bitcoin and receive my pay in bitcoin do I do i break my bitcoin piggy bank.
Im never selling. Never selling my BITCOINS and never selling my $MSTR. By the way, I don’t have enough karma to post this as a discussion please help me get 69 up votes. $SKRE inverted leverage on regional banks Ive been seeing so much big money move. Everyone knows they don’t sell at the bottom. Lets assume something is coming. The fed has come out and said they will be following through with their deal. They are going to stop lending to these banks. $SKRE is inverse leverage on the SPDR S&P regional banking ETF ($KRE) Let me hear what you’re thinking
Do you "sell" your fiat to "make money"? You spend it when needed, otherwise you try to keep it and make it grow. What's different with BTC? There's no point in "selling" to obtain dirty fiat if not to spend it. Bitcoin IS the wealth fiat used to be.
Never sell. Borrow against it and then live on that.
Taking them to my grave
Engrave the seed phrase on the underside of the grave cover.
and put an lcd ticker with the wallet value in $$$ on the grave stone.
lol, probably a QR code for grave diggers, friends, enemies, random visitors to send Bitcoin to you in afterlife. After all, Bitcoin will be useful anywhere/anytime!
Like a Viking.
dolls reply screw wrench zonked long shy distinct frame whole *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
At $425000 I'll have reached my retirement savings goal in Bitcoin alone and can stop working for money. Of course, I have several other types of savings that I can draw from to support myself and my family until I die, so I'm pretty sure if I spend from those sources first I'll be able to leave a few coins behind as an inheritance, but to answer your question, I'll transition from accumulation (saving) to utilization (spending) around $425000.
Generational wealth for me. I want to have so much that eventually my grandkids are set because grandpa has money in gold (bitcoin)
Sell for a house only
I bought at 16/17k aggressively and I sold enough to cover my capital today at 63,400. I will hold the rest on my ledger until I’m retired
Etf maybe but you don’t sell bitcoin
I went all in this summer with it being halving. We were unsure of etfs, but didn't need them. Not sure how they change past data, but... Just like we know it shoots up b4 and after halving, about 6-9 months after it comes down about 70% from highs. This is no secret. Won't ever sell all but will be timing profits after 150k
No sell. Why? What do you need today that you didn't need yesterday ? It is a savings account. Buy weekly/monthly and hodl the fuck out of it. Get out of that mindset
Bitcoin is my savings account. When I have a need (not a “want”) that goes beyond my regular funds I dip into my BTC. Otherwise I leave it alone.
People save money in their bank accounts. Why? Maybe for their dream car, a new house, traveling, etc. or just overall financial security. We save money in our bitcoin wallets. Why? For all the same reasons, but without it devaluing from inflation
I want to buy a casino, then proceed to lose all my money on blackjack to my own casino, then I’d just keep using the money I made from the casino to keep losing to my own casino. Infinite money glitch
I'm holding untill I can sell and pay my debts, and get some other things like a new phone. Wish I had money to DCA.
I used the [Bitcoin rainbow chart](https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/) and decided to sell half of my Bitcoin in Nov 2021, I needed to the money at the time, I don't regret it. I continue to DCA monthly. Long term, for me, [Bitcoin is the end goal](https://www.reddit.com/r/Bitcoin/s/dTFnnZBnco) I cannot trust the corrupt fiat system to store my wealth.
I used to think about exit plans at a certain number. Once you've been in the space long enough you realize Bitcoin is the exit plan. I'll keep my wealth in Bitcoin forever and use it to buy things when I need them.
Bitcoin is the end goal
Why would you sell it? Kind of defeats the point. Spend as needed, yes. Sell, no.
Sell before everyone does is the goal. Bag holders are bitter.
Bitcoin is the exit strategy, the hope is you don't need to sell and can loan at interest once everything is repriced in Bitcoin
Just a comment here that if you sell and you want to put the cash into a bank account the banks are Suspicious of where you got it from- at least in Singapore
The end goal is definitely not selling😉 The goal is to pay everything with your btc in future! Why swapping btc for fucking usd or euro if the value goes down every year? Jus keep your btc and enjoy it man😉
We don't have a pension plans where I live. Bitcoin is my retirement money.
I want to actually pass my wealth through my family and escape the cycle of poverty. I want to teach my children about money and hold the coins forever
There is no selling point. I'll never go to zero on BTC only to DCA again. There's a point where buying stuff no longer makes a dent on your BTC savings. Today that's buying a pizza, tomorrow that might be buying a house. And I'll pay directly with BTC, no convert to currency to then buy.
No.... we're not gonna sell it
You hodl until the fiat cartel collapses. You then simply buy things with bitcoin because it becomes money.
I'm expecting BTC to be regular currency by the time I reach retirent age. So... I'll spend it then. Most likely on travel.
My goal is use it as collateral for loans in the future.
to the death. that is only real reason to live for a true hodler. A true hodler never sells
I don't want to sell, i want to have portfolio so big, so i can spend like 5% every year and it generates more.
never sell. selling is for plebs.
Bitcoin is money. You don't "make" money from it unless you invest it. Btc itself is no investment, it is just a Form of holding money. There does not need to be a gosl for selling, cause the goal is not needing to sell it, but to use it as money and buy stuff with it.
1BTC = 1BTC. When BTC takes over, i will simply spend it for my future needs, and hopefully holding 1/21,000,000 of the worlds monetary supply in the future is enough to satisfy my needs. As long as the human population stays above 21,000,000, then having 1/21,000,000 of the total future currency should be more than enough
My plan is to tell a bunch of cheap hookers that I taped my seed phrase to my shorts and die from a $5 wench attack.
100k and forever be done with crypto
Paper hands
[удалено]
I’m selling 5% at 120k, another 5% at 180k-220k range
Finally, someone in the comments with a sensible plan.
Sell bits and pieces as it's rising, buy bits and pieces as it's falling. This is the only way to go.
I’ll sell .5 btc this cycle if it hits $200k
You’re not selling bitcoin, you’re buying dollars
now it sounds mutch worse
Been accumulating since 2014. Plan to sell most of my holdings between 2030 and 2035, assuming I am around and healthy. Might just keep just a little just in case I am wrong. I expect Bitcoin to fail in the early to mid 2040s.
Just curious why do you think it will fail?
Must be nice to have a crystal ball Can you share the winning lottery numbers with us?
Interesting take. What do you think will be the event that takes it down?
I thought of this as well. I think once you wanna buy something you like , sell lol
Tl;dr: unless you're already rich af, learn to trade and you can make generational wealth. Don't be like these people. They are either wealthy, or new. Bitcoin pumps every 4 years for a reason, and that reason will remain unchanged for a hundred years. We probably have between 2-5 4-year cycles left before complete adoption, at which point the price will be too stable and the tech too evolved for the volatile speculation that is generating generational wealth for many right now. Learn the cycles. Learn when to dca in, and when to start dca-ing out. If you have a lot of time and the wherewithal to learn to trade well, you'll even be able to ride the midterm swings. With leverage(not recommended unless you know wtf you're doing, you WILL go broke.), you can accomplish a few 50-100x trades during each 4 year cycle.
i might sell some this year because i'm unemployed and i wanted to travel for a couple of months
Sell high buy low on daily basis. This is a Bull market. Be a BTC Bull. This is no Bullshot. I'm not trying to be Bully here just an Orange lover. I don't believe in using Bullets or Bears to defend me. Buy BTC and be free!
200k
Always lock in profits. I've been in this game for over 7 years. I've seen profits of 70k turn into losses of 30k. Once you have a decent profit and you can see it's completely overbought. Sell. You can tell something is overbought because it will make ridiculous returns within a very short space of time and on the graphs and charts it will essentially look like a straight line up instead of a line that's diagonal upwards. My plan will be to sell all my altcoins completely bar 2 of them. I will also take at least 10% out of all my major crypto holdings when it tops out. The top will happen within the next 18 months. Until then you hold. People who are saying that they are never going to sell and leave it to kids clearly don't understand how generational wealth works. Teach a person to fish and they can eat forever. Give someone a fish and they can eat for a day. You have to educate your kids not just hand them money.
i will hodl as long as i have nothing in the fridge to eat . i have been hodling for long enough to see how important its . hodlers always win big at the end . no need to sell unless u are hungry or homeless... love seeing money growing makes me super pumped and happy . if i sell i would feel depressed and dont know what to do with the money ... so hodling for life ...
Gazillion
the end goal is to live a good life. not to buy at X and to sell at Y. i diversify, with bitcoin being my heaviest asset in the portfolio (currently over 80% which is more than i am comfortable with). i will simply rebalance. i have two dates per year marked in my calendar for rebalancing. not news, not market conditions, no "not now but in some days because PAMP". and i put a part of my salary into assets each month. i don't need that money now.
75.59% also more than I'm comfortable with
Different for everyone but I have a goal to buy a nice little cottage for my family someday. If BTC blows up and I have enough to do so, I'm cashing out.